Price for Asbestos, Other than Crocidolite in Malaysia - 2023

Price for Asbestos, Other than Crocidolite in Malaysia (CIF) - 2022

The average asbestos, other than crocidolite import price stood at $848 per ton in 2022, rising by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($923 per ton), while the price for China ($475 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Asbestos, Other than Crocidolite in Malaysia (FOB) - 2022

The average asbestos, other than crocidolite export price stood at $423 per ton in 2021, dropping by -85.9% against the previous year. Overall, the export price recorded a perceptible shrinkage. The export price peaked at $3,013 per ton in 2020, and then reduced rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2014 to 2021, the rate of growth in terms of prices for Singapore amounted to +42.6% per year.

Imports of Asbestos, Other than Crocidolite in Malaysia

In 2022, asbestos, other than crocidolite imports into Malaysia skyrocketed to 3.8K tons, surging by 39% compared with the previous year. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 145% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, asbestos, other than crocidolite imports surged to $3.2M in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 156%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Asbestos, Other than Crocidolite in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	951	399	1,389	2,578	39.4%
Brazil	312	211	284	371	5.9%
United Arab Emirates	N/A	N/A	N/A	256	0%
China	22.3	23.3	43.4	42.8	24.3%
Canada	115	65.9	75.2	N/A	-19.1%
Others	3.2	2.2	2.9	N/A	-4.8%
Total	1,403	701	1,795	3,248	32.3%

Top Suppliers of Asbestos, Other than Crocidolite to Malaysia in 2022:

Russia (2794.0 tons)
Brazil (495.0 tons)
United Arab Emirates (450.0 tons)
China (90.0 tons)

Exports of Asbestos, Other than Crocidolite in Malaysia

In 2021, exports of asbestos, other than crocidolites from Malaysia soared to 23 tons, jumping by 5,017% against the previous year. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, asbestos, other than crocidolite exports skyrocketed to $9.8K in 2021. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.